SPS Commerce, Inc. (proposed stock symbol: SPSC), self-described as a “leading provider of on-demand supply chain management solutions,” has filed a registration statement.
The S-1 can be found here:
sec.gov
From the S-1:
Overview
We are a leading provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. We provide our solutions through SPSCommerce.net, a hosted software suite that improves the way suppliers, retailers, distributors and other customers manage and fulfill orders. Implementing and maintaining supply chain management software is resource intensive and not a core competency for most businesses. SPSCommerce.net uses pre-built integrations to eliminate the need for on-premise software and support staff, which enables our supplier customers to shorten supply cycle times, optimize inventory levels, reduce costs and satisfy retailer requirements. As of September 30, 2009, we had over 11,000 customers with contracts to pay us monthly fees, which we refer to as recurring revenue customers. We have also generated revenues by providing supply chain management solutions to an additional 24,000 organizations that, together with our recurring revenue customers, we refer to as our customers. Once connected to our platform, our customers often require integrations to new organizations that represent an expansion of our platform and new sources of revenues for us.
We deliver our solutions to our customers over the Internet using a Software-as-a-Service, or SaaS, model. Our delivery model enables us to offer greater functionality, integration and reliability with less cost and risk than traditional solutions. Our platform features pre-built integrations with 2,700 order management models across 1,300 retailers, grocers and distributors, as well as integrations to over 100 accounting, warehouse management, enterprise resource planning, and packing and shipping applications. Our delivery model leverages our existing integrations across current and new customers. As a result, each integration that we add to SPSCommerce.net makes our platform more appealing to potential customers by increasing the number of pre-built integrations we offer. Furthermore, integrating trading partners to SPSCommerce.net can generate new sales leads from the organizations with which we integrate our customers because those organizations typically have other trading partners who can benefit from our solutions. We systematically pursue these sales leads to convert them into new customers.
Nine months ending September 30, 2009
Revenues: $27,765,000
Net earnings (loss): $949,000
Year ending December 31, 2008
Revenues: $30,697,000
Net earnings (loss): ($1,895,000)
Year ending December 31, 2007
Revenues: $25,198,000
Net earnings (loss): ($2,156,000)
Year ending December 31, 2006
Revenues: $19,859,000
Net earnings (loss): ($1,301,000) |
